26 May 2020 | 12:14 PM

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Shivalik Rasayan Q1 net profit up 28.85% at Rs 2.01 cr
  Shivalik Rasayan Ltd. | 17 Jan 2020 | 10:48 AM
Published on 08-15-2019
The company reported standalone net profit of Rs 2.01 crore for the quarter ended June 30 2019 as compared to Rs 1.56 crore in the same period last year registering a year-on-year growth of 28.85 per cent.


Net revenue of the company rose moderately by 13.26 per cent at Rs 14.52 crore in April-June quarter of this fiscal as against Rs 12.82 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 18.76 per cent to Rs 12.66 crore from Rs 10.66 crore in year ago period.


Other Income grew by 2100.00 per cent at Rs 0.44 crore versus (Jun`18 Rs 0.02 crore).


Operating Profit slipped by 13.89 per cent to Rs 1.86 crore as against Rs 2.16 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.07 per cent in June quarter.


Interest declined by 22.22 per cent y-o-y to Rs 0.21 crore while Taxation decreased by 134.62 per cent at Rs -0.09 crore (Jun`18 Rs 0.26 crore).